Banking Awareness Quiz for IPPB Scale-I Mains 2016-17

Q1.  What does FSDC stand for?
(a) Financial Security and Development Council 
(b) Financial Stability and Development Council 
(c) Fiscal Security and Development Council 
(d) Fiscal Stability and Development Council
(e) None of the above

Q2. ___________ has been declared the first ‘total banking state’ in India, successfully implementing the total financial inclusion thereby ensuring banking facility to all households. 
(a) Maharashtra             
(b) Kerala    
(c) Himachal Pradesh      
(d) Uttarakhand
(e) Gujarat

Q3. RBI has introduced “Marginal Standing Facility” with the objective of: 
(a) Controlling Inflation 
(b) Containing instability in long term inter-bank rates 
(c) Containing instability in the overnight inter-bank rates
(d) All of the above
(e) None of the above

Q4. _____________ are the beneficiaries of the “Reverse Mortgage Scheme”.
(a) Government employees     
(b) Senior citizens 
(c) Unemployed persons      
(d) Persons of BPL category
(e) None of the above

Q5. RBI was nationalized in the year-
(a) 1949    
(b) 1952    
(c) 1955       
(d) 1964
(e) 1935

Q6. Which of the following is/are associated with the fiscal policy? 
1. Marginal Standing Facility 
2. Devaluation of Currency 
3. Market Stabilization Scheme 
(a) 1 & 2       
(b) Only 3     
(c) 2 & 3      
(d) Only 2
(e) None of the above

Q7. ______ is the percentage of total deposits of a bank which it has to keep with itself in the form of liquid assets. 
(a) Statutory Liquidity Ratio (SLR)    
(b) Cash Reserve Ratio (CRR) 
(c) Statutory Reserve Ratio             
(d) Cash Ratio
(e) Marginal Standing Facility (MSF)

Q8. The exchange rate in India is dependent upon: 
1. Government policy 
2. Demand-supply forces 
3. Monetary policy objectives 
(a) Only 2       
(b) 2 & 3     
(c) 1 & 2    
(d) 1, 2 & 3
(e) None of the above

Q9. Collateralized Borrowing and Lending Obligation (CBLO) is a/an ________.
(a) Money Market Instrument     
(b) Instrument of Monetary Policy  
(c) Type of Risk Cover     
(d) Stock Market Instrument
(e) None of the above

Q10. Often, we read in newspapers that the RBI has changed the Repo rate and the Reverse Repo rate by a few basis points. What is a basis point?
(a) Ten % of one hundredth point    
(b) One hundredth of 1
(c) One tenth of 1%                       
(d) Ten % of 100
(e) None of the above


ANSWERS :

1. b
2. b
3. c
4. b
5. a
6. c
7. a
8. c
9. a
10.b

Important Note:

To receive the fastest updates on Bank Exams like IBPS, SBI, RBI, IPPB, etc. as well as all other ongoing as well as forthcoming exams, kindly subscribe to our website. All you have to do is enter your email in the pop-up that appears on the website when you first enter it on the home page. Once you’re subscribed, you will receive all the latest updates concerning all competitive exams.

For more Updates & Notifications for bank exams like SBI PO, SBI CLERK, IBPS PO, IBPS RRB, IBPS CLERK, IBPS SO, NIACL, SSC CHSL, SSC CGL etc. like our facebook page at :